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4H Box Breakout

  • #1,081
  • Jul 20, 2009 12:29am Jul 20, 2009 12:29am
Quoting tcmm
do you know where it is so I can get it. the thread is big and its 1.00am in Toronto Thanks
Working late. You will succeed.

Look at post 533.

dr
  • #1,082
  • Jul 20, 2009 12:38am Jul 20, 2009 12:38am
Quoting droland
Working late. You will succeed.

Look at post 533.

dr
Droland is there an indicator that it will mark those levels on the 4hr chart.
My Email For Help: [email protected]
  • #1,083
  • Jul 20, 2009 12:47am Jul 20, 2009 12:47am
is it this
Attached File(s)
File Type: ex4 BoxBreakout Signals_v2.ex4   18 KB | 841 downloads
My Email For Help: [email protected]
  • #1,084
  • Jul 20, 2009 12:51am Jul 20, 2009 12:51am
Quoting tcmm
Droland is there an indicator that it will mark those levels on the 4hr chart.
I use Ronald Rayguns mq4 at post 110

I am sure there are others.

dr
  • #1,085
  • Jul 20, 2009 1:00am Jul 20, 2009 1:00am
Guys we are moving into the early morning of the London open.

The next two hours are significant. Really significant.

We are in a LONG position. Hope this is correct.

Dave R.
  • #1,086
  • Jul 20, 2009 1:03am Jul 20, 2009 1:03am
OK. London open is showing positive run.

Lets watch.

dr
  • #1,087
  • Jul 20, 2009 1:06am Jul 20, 2009 1:06am
Quoting droland
OK. London open is showing positive run.

Lets watch.

dr
Looks like GJ has broken through resistance line. Hope it marchs forward to TP1 and TP2.
Trading is SIMPLE not EASY.
  • #1,088
  • Jul 20, 2009 1:09am Jul 20, 2009 1:09am
Quoting garfield75
Looks like GJ has broken through resistance line. Hope it marchs forward to TP1 and TP2.
I am west coast time. 11:08 PDT. I am going to watch for the next hour and move to BE at about 12 or when I go to bed.

I think we are on a major up trend but lets see. I want to protect my downside.

dr
  • #1,089
  • Jul 20, 2009 1:17am Jul 20, 2009 1:17am
For those who are trying to set up their trades an what the parameters are for today, see attached.

Dave R.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr open july 19 09.gif Size: 19 KB
Attached File(s)
File Type: xls 4H Box Calculation.xls   17 KB | 477 downloads
  • #1,090
  • Jul 20, 2009 1:18am Jul 20, 2009 1:18am
Yes it's the original system. While choosing TP4 will have a higher return but the chance of hitting TP is also lower. On the other hand, TP1.5 is easier to hit. All TP (1.5 ~ 4) are all profitable. So choose TP according to your personality (can you tolerate high drawdown without wetting your pant???)

Quoting droland
This is highly significant. Was this with a set and forget method as per the original concept.

Dave R.
  • #1,091
  • Jul 20, 2009 1:24am Jul 20, 2009 1:24am
Quoting dannywmk
Yes it's the original system. While choosing TP4 will have a higher return but the chance of hitting TP is also lower. On the other hand, TP1.5 is easier to hit. All TP (1.5 ~ 4) are all profitable. So choose TP according to your personality (can you tolerate high drawdown without wetting your pant???)
I guess you haven't been reading my ideas. Simply stating, YOU DO NOT NEED TO SET A TP. If you run the Trailing SL and re-entry Pending order, I do not set TP. SL is the key. TP is whatever the run will give you.

dr
  • #1,092
  • Jul 20, 2009 1:28am Jul 20, 2009 1:28am
hi
i would like someone to confirm to me for the original method :
do we move the SL to BREAK EVEN after the TP1 is reached ? and we continue the same for others tp until we got stopped out ?
thanks
  • #1,093
  • Jul 20, 2009 1:30am Jul 20, 2009 1:30am
I have just looked back over several months of Sunday breakouts and the vast majority continues in the early direction.

Some reversal occur which my trailing stop will correct but we need to follow the trend.

dr
  • #1,094
  • Jul 20, 2009 1:47am Jul 20, 2009 1:47am
OK. Everyone. It (GBPJPY) is making a move. Up!!

I am moving to BE soon, Looking good.

dr
  • #1,095
  • Jul 20, 2009 1:52am Jul 20, 2009 1:52am
Moving my to BE when G/J crosses 155.75.
E/J hasn't moved that much in comparison. Wonder why ?

Ride the Dragon.
Cheers
Trading is SIMPLE not EASY.
  • #1,096
  • Jul 20, 2009 2:04am Jul 20, 2009 2:04am
hi
u move sl when u are 50 pip in profit and you attach a trailing stop of 75 pip , if you are taken out where is your reentry in the same direction ? and if the price trigger the short pending entry do u enter or u go only with the same direction in our case today , long ?

Quoting droland
OK. Everyone. It (GBPJPY) is making a move. Up!!

I am moving to BE soon, Looking good.

dr
  • #1,097
  • Jul 20, 2009 2:05am Jul 20, 2009 2:05am
Quoting droland
I guess you haven't been reading my ideas. Simply stating, YOU DO NOT NEED TO SET A TP. If you run the Trailing SL and re-entry Pending order, I do not set TP. SL is the key. TP is whatever the run will give you.

dr
droland - may i ask what trailing SL do you use? SL is the original SL, but what trailing step do you use?
  • #1,098
  • Jul 20, 2009 2:19am Jul 20, 2009 2:19am
Quoting sojournerr
droland - may i ask what trailing SL do you use? SL is the original SL, but what trailing step do you use?
I like trailing stop at 125 pips. I have now just moved my stop loss to:

154.90

don't know what is going to happen but want to reduce my loss.

To me, this is the key to trading.

dr
  • #1,099
  • Jul 20, 2009 2:26am Jul 20, 2009 2:26am
maybe when u have time , if you can post your way of trading as ace did in the begining of the thread
1-
2-
3-
4-
like this we can understand what you are doinf better
regards
thanks
  • #1,100
  • Jul 20, 2009 2:27am Jul 20, 2009 2:27am
OK, at 155.94. Move to BE at 155.10.

PDT 12.29

dr
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